Friday, 20 January 2012

Abu Dhabi in delicate dance over oil - The National

Opposite Abu Dhabi National Oil Company's (Adnoc) two-storey pavilion at the emirate's biggest energy gathering, an ExxonMobil economist entertains local school children who are out on a field trip.

Next door, Shell's display at the World Future Energy Summit (WFES) greets those arriving at the entrance of the conference hall and, a few exhibits down, Total executives hover around white cushioned seats.

The foreign companies are also all partners with Adnoc on its biggest concession, a contract for a 1.4 million barrel per day (bpd) onshore block due to expire in 2014, and showing face at the WFES is all part of a negotiating process.

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